No one wants to be held liable to a Third Party due to accident or error, but it can still happen if you are found negligent. Liability claims can be extremely costly, and can blindside even the most well-run business. Related consequences, such as reputational damage, expensive and time-consuming lawsuits and reduction in staff morale can be debilitating if not handled effectively. BCMG Insurance Brokers’ Risk Managers can foresee potential risk and identify the right coverage to carry you through even the most complex litigation matters so that your business and your brand stay protected.
Public Liability protects your business against negligence or losses to members of the public or their property. This policy is often coupled with Product Liability.
Product Liability provides cover for businesses that provide a product or consumable, such as restaurants and manufacturers. In the event that your food or product causes illness or injury to a Third Party, your distribution chain is safeguarded.
Employers Liability is similar to Public Liability, except it specifically covers injury or loss to employees, due to the negligence of the employer.
Professional Indemnity protects professionals who provide advisory services. Professionals such as architects, lawyers, accountants and other types of consultants, can protect themselves from being sued for costs incurred to a client as a result of defective or improper advice provided.
Directors and Officers Liability
Directors and Officers Liability protects the officers of a company in the event of a lawsuit for alleged wrongful acts in their capacity as directors and officers. It covers legal fees and awards that may be granted.
This website is furnished as a matter of information only and is not to be understood as providing advice to you or anyone else on any decision regarding insurance that may now or later be under consideration. By accessing this website the reader is responsible for any assumptions that they may make as to the coverage afforded by any of the insurance products mentioned which may be subject to important conditions and / or exclusions.